GOLD Gold prices are consolidalting at higher level. Consider support 25500 and resistance 25700, trading and sustained above will push prices higher towards 25900. Sustained above 26140 will push prices higher towards 25300-26400 levels. ----------------------------------------------------------------------Gold - Close eye support range 1080-1081 in dollar terms. -----------------------------------------------------------------------SILVER As silver prices continue holding major support around 33000-33200 range levels. As and when counter hold these level, short term up side continue. Prices needs to show momentum above 34500. A major downside in the counter is likely only a break below 33000 levels. On a Global front, Silver trading below $14 , and remain below prices likely test 13.40 and 13 in coming days, Higher level significant resistance observed at 14.50 and 14.80. Real move only above once closed above 15.10 mark. ------------------------------------------------------------------------CRUDE Crude oil prices continue to slide lower. Weakness below 2000 will put towards 1950. Any pull back rallies will face selling pressure around 2130-2150 level. ------------------------------------------------------------------------NATURAL GASAfter sharp recovery in Natural Gas prices have been retraced from its swing high 165.70 levels. On the other 200 DMA is also established near to 166 mark, whereas 50 DMA are hold at 145.80 mark. Over weak demand and profit booking will indicate some more down side in this counter in coming days. As long as below 155, prices towards 148-145 mark. The counter needs to show momentum, above 159 will re test 162 1656 mark. Today Inventory day we up date more during market hrs. Till not closed above 163, weakness continue. COPPER Last few months copper tumbelled heavily from the high due to China slow growth and world problem and already broken major support level 325 and counter continued its downward journey this week as well ad has slumped more than 10 points. It currently trade around 292 which is near to support area. On the other hand counter already breached 21-50 DMA and hovers will below them. The relative strength index has entered the bearish zone last week. Weekly RSI also feature in the bearish zone and impled downward momentum. Other indicators in the daily charts such as price rate of change and moving average convergence divergence are also hoavering in negative. The trend is bearish. Traders sell on rise strategy continue till the closing below 305 mark. The short term downward bias continue and ready to test 280 + mark easily. On the higher side, next important hurdle and supply zone 320-325 region. Medium and Long term trend has been since Sept 2015 pewak 368. To change this trend, the counter has to continue closed above 325 mark. Till then no respite---------------------------------------------------------------------------------------NICKEL Trend is down but some recovery can not be ruled due to over sold region. Now we may conider support 542, and trading above 555, price higher towards 565-568 range. closed above 565 trend will be change. ---------------------------------------------------------------------------------------ALUMINIUMAluminium price slide continue. Major support of this counter placed at 97.50 mark. A daily closed below this level, counter lower towads 996-95 mark. Momentum above if price hold 100 mark. otherwise sell side. --------------------------------------------------------------------------------------ZINCIntraday outlook for Zic will stay negative till the price trading below 100 mark. -------------------------------------------------------------------------------------LEAD Any sharp decline to buy side, instead of sell mode. Down side support 105, A break out above 110 will show strength and closed above changewill be trend ----------------------------------------------------------------------------------If you want to make money in BEAR/BULL market- join our team Visit : WWW.3mteam.in or call at :- 9302102732-09630466296----------------------------------------------------------------------------------

3 comments:

Silver ended with gains as investors returned to the market to seek cheap valuations after futures fell to a one-week low. This information is given by Epic Research's team, we also provide best Nifty Futures Tips.

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